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Does High-skilled Migration Affect Publicly Financed Investments?

Title data

Grossmann, Volker ; Stadelmann, David:
Does High-skilled Migration Affect Publicly Financed Investments?
In: Review of International Economics. Vol. 20 (2012) Issue 5 . - pp. 944-959.
ISSN 1467-9396
DOI: https://doi.org/10.1111/roie.12005

Abstract in another language

This paper analyzes the interaction between migration of high-skilled labor and publicly financed investment. We develop a theoretical model with multiple, ex ante identical jurisdictions where individuals decide on education and subsequent emigration. Migration decisions are based on differences in net income across jurisdictions which may occur endogenously. The interaction between income differences and migration flows gives rise to the potential of multiple equilibria: a symmetric equilibrium without migration and an asymmetric equilibrium in which net income levels differ among jurisdictions and trigger migration flows. In the former equilibrium, all jurisdictions have the same public investment level. In the latter one, public investment is high in host economies of skilled expatriates and low in source economies. We empirically test the hypothesis that emigration rates are negatively associated with publicly financed investment levels for OECD countries.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: High-skilled migration; Human capital externalities; Publicly financed investment
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Economics > Professorship Development Economics > Professorship Development Economics - Univ.-Prof. Dr. David Stadelmann
Profile Fields > Emerging Fields > Innovation and Consumer Protection
Profile Fields > Emerging Fields > Governance and Responsibility
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics
Faculties > Faculty of Law, Business and Economics > Department of Economics > Professorship Development Economics
Profile Fields
Profile Fields > Emerging Fields
Result of work at the UBT: No
DDC Subjects: 300 Social sciences > 320 Political science
300 Social sciences > 330 Economics
Date Deposited: 01 Dec 2014 08:04
Last Modified: 26 Apr 2018 07:25
URI: https://eref.uni-bayreuth.de/id/eprint/3296